Does A.I. really work in forex market? | Forex Factory

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Does A.I. really work in forex market?

  • #1
  • First Post: Sep 26, 2018 3:06am Sep 26, 2018 3:06am
One of my friend says A.I. is over advertise, they don't have super power.

A.I. claims big data and do small stuff but whereas a crow claim small data to do big stuff.

Elon Musk who knows nothing about A.I. and claims A.I. will soon replace humanity, you are about to say bye bye to your jobs.

So, what about forex? We know Forex are much like weather, they don't have a strict format but it's somehow predictable.
Odd numbers are odd.
  • #2
  • Sep 26, 2018 11:04am Sep 26, 2018 11:04am
Quoting rapidace
One of my friend says A.I. is over advertise, they don't have super power. A.I. claims big data and do small stuff but whereas a crow claim small data to do big stuff. Elon Musk who knows nothing about A.I. and claims A.I. will soon replace humanity, you are about to say bye bye to your jobs. So, what about forex? We know Forex are much like weather, they don't have a strict format but it's somehow predictable.
Don’t have enough idea on A.I. But, it’s very sure, there is no way to make any unrealistic result in a long run.
  • #3
  • Sep 27, 2018 9:26am Sep 27, 2018 9:26am
AI? Do you mean robots? EAs? Some do, most don't. Frankly, in my opinion it's better to first learn to trade on your own before using robots.
  • #4
  • Sep 28, 2018 12:30am Sep 28, 2018 12:30am
Quoting mlawson71
AI? Do you mean robots? EAs? Some do, most don't. Frankly, in my opinion it's better to first learn to trade on your own before using robots.
Corrrect! its never a wise idea to completely rely on EAs or robots.
  • #5
  • Sep 28, 2018 9:14am Sep 28, 2018 9:14am
Quoting Alvinjack
{quote} Corrrect! its never a wise idea to completely rely on EAs or robots.
To be honest, in my opinion when it comes to trading it is best not to put your full trust into anything or anyone - broker companies, people or robots.
  • #6
  • Oct 1, 2018 12:39am Oct 1, 2018 12:39am
to be honest EA or AI more useful to trade in forex market cause it doesnt have emotion.
  • #7
  • Oct 3, 2018 2:22am Oct 3, 2018 2:22am
Quoting TiongeEdi
to be honest EA or AI more useful to trade in forex market cause it doesnt have emotion.
partially true.... I have been trading successfully for about 6 years.... but never encountered a successful EA. its only good if you are a good trader.
I use EA and other indicators, but only to manage my trade which i have already planned to take or which i have already taken.

This video is my old starting days story... it may enlighten you. There are other videos where i have talked about ea implementation too.
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  • #8
  • Oct 14, 2018 3:32am Oct 14, 2018 3:32am
i have seen in order to my trading experience, most of the trading robots works for a short term , its not a permanent way to make money.
  • #9
  • Oct 14, 2018 10:09am Oct 14, 2018 10:09am
EA can never help you to become successful trader, but EA can definitely help you in trading. Never let your EA to decide when to take trade, but rather decide your trade and use EAs just to manage them.

In this video you will understand clearly.
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  • #10
  • Oct 14, 2018 11:09pm Oct 14, 2018 11:09pm
I heard some trader use A.I for trade and they got banned.
  • #11
  • Oct 15, 2018 6:17am Oct 15, 2018 6:17am
Quoting MeadeDevan
I heard some trader use A.I for trade and they got banned.

thanks for your nice post , got something new from here.
  • #12
  • Last Post: Dec 20, 2018 1:58am Dec 20, 2018 1:58am
Quoting NathanAstel
i have seen in order to my trading experience, most of the trading robots works for a short term , its not a permanent way to make money.
any robot or Forex trading strategy not works for all time , you have to develop your trading approach time to time , otherwise its difficult to survive
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